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Monday, January 1, 2018

DAILY CURRENT AFFAIRS: 31 DEC 2017

DAILY CURRENT AFFAIRS: 31 DEC 2017
(DAILY NEWS INDIA)
SHARED BY: WWW.DAILYGK.IN

1.      NIRMALA SITHARAMAN LAUNCHES START-UP INCUBATION CENTRE IN MANGALORE
i. Nirmala Sitharaman has launched a start-up incubation centre called the Centre for Entrepreneurship Opportunities and Learning in Mangaluru, Karnataka.
ii. She has allocated Rs. 1.5 cr from her Member of Parliament's Local Area Development scheme for the development of CEOL. She represents Karnataka as an MP in the Rajya Sabha.

2.      BILATERAL MEETING BETWEEN EXTERNAL AFFAIRS MINISTER OF INDIA AND JORDAN HELD IN NEW DELHI
i. External Affairs Minister Sushma Swaraj and her Jordanian counterpart Ayman Al Safadi held a bilateral meeting in New Delhi and discussed deepening bilateral ties across multiple sectors.
ii. Mr Safadi discussed steps to set up a robust agenda for deepening and diversifying areas of cooperation in the fields of trade and investment, defence and security and people-to-people contact.

DAILY CURRENT AFFAIRS: 30 DEC 2017

DAILY CURRENT AFFAIRS: 30 DEC 2017
(DAILY NEWS INDIA)
SHARED BY: WWW.DAILYGK.IN

1.      INDIA SIGNS LOAN AGREEMENT WITH WORLD BANK FOR UP TOURISM PROJECT
i. An agreement for IBRD Credit of USD 40 Million from World Bank for “U.P. Pro-Poor Tourism Development Project” was signed between India and the World Bank.
ii. The programme duration is 5 years. The Project Objective is to increase tourism-related benefits for local communities in targeted destinations. The major districts under attractions in Uttar Pradesh are Agra, Vrindavan, Mathura, Barsana and Govardhan in the Braj region.

DAILY CURRENT AFFAIRS: 29 DEC 2017

DAILY CURRENT AFFAIRS: 29 DEC 2017
(DAILY NEWS INDIA)
SHARED BY: WWW.DAILYGK.IN

1.      PRESIDENT DEDICATED 4 PROJECTS TO ANDHRA PRADESH
i. The President of India, Ram Nath Kovind, dedicated to the people of Andhra Pradesh 4 projects of the State Government at a function held at Velagapudi, Andhra Pradesh.
ii. The Projects were Andhra Pradesh Fibregrid Project, Andhra Pradesh Surveillance Project, Drone Project; and Free Space Optical Communication system. The President focused on the 24/7 hyper-connected world and the online presence of the government.

2.      INDIA TO OVERTAKE UK, FRANCE TO BECOME 5TH-LARGEST ECONOMY IN 2018
i. India is set to leapfrog Britain and France in 2018 to become the world’s fifth-largest economy in dollar terms.
ii. The Centre for Economics and Business Research consultancy’s 2018 World Economic League Table painted an upbeat view of the global economy, boosted by cheap energy and technology prices. India is currently in 7th place in the top world economies with $2 trillion.
iii. Top 3 Economies of the world according to the World Economic Forum are-
The USA ($18 trillion),
China ($11 trillion),
Japan ($4.4 trillion).

3.      PRESIDENT INAUGURATED 100TH INDIAN ECONOMIC ASSOCIATION CONFERENCE
i. President Ramnath Kovind inaugurated the 100th  Annual Conference of the Indian Economic Association at Acharya Nagarjuna University in Guntur of Andhra Pradesh. The event will be held for 4 days.
ii. Indian Economic Association is a registered body of Indian economic professionals with an objective of providing a forum for debate and discussion of policy-oriented issues.

4.      SBI GETS BOARD APPROVAL TO RAISE RS 8,000 CR TO COMPLY BASEL III
i. According to the country's largest lender, SBI, its board has approved raising Rs 8,000 cr through various sources, including masala bonds, to meet Basel III capital norms.
ii. Masala bonds are rupee denominated specialised debt instruments that can be floated in overseas markets only to raise capital. Banks in India have to comply with the global capital norms under Basel III by March 2019, 3 months later than the internationally agreed time frame by January 2019.

5.      AGRICULTURE MINISTER LAUNCHES LIVESTOCK DISEASE FOREWARNING MOBILE APP
i. Union Agriculture and Farmers’ Welfare Minister, Shri Radha Mohan Singh has launched Livestock Disease Forewarning –Mobile Application. The app is developed by ICAR-National Institute of Veterinary Epidemiology and Disease Informatics, Bengaluru.
ii. Apart from early warning, the app will also provide information about clinical samples for the diagnosis in case of the epidemic so that immediate action can be taken in case of the epidemic.

DAILY CURRENT AFFAIRS: 28 DEC 2017

DAILY CURRENT AFFAIRS: 28 DEC 2017
(DAILY NEWS INDIA)
SHARED BY: WWW.DAILYGK.IN

1.      $318 MILLION LOAN AGREEMENT SIGNED WITH WORLD BANK FOR FARMERS IN TAMIL NADU
i. The Government of India, the Government of Tamil Nadu and the World Bank signed a $318 million loan agreement for the Tamil Nadu Irrigated Agriculture Modernization Project to promote climate resilient agriculture technologies, improve water management practices, and increase market opportunities for small and marginal farmers.
ii. The $318 million loan from the IBRD has a 5-year grace period and a maturity of 19 years.

2.      UTTAR PRADESH INTRODUCES NEW POWER SCHEME
i. Uttar Pradesh has launched a free household power connection scheme for the poor in the state to mark former PM Atal Bihari Vajpayee’s birth anniversary. The scheme is driven by government’s motto ‘Prakash hai to Vikas hai’ (the barometer of development is light).
ii. The government has also introduced Kisan Uday Yojana, a novel scheme for farmers. The scheme would cover 10 lakh farmers by 2022, would lead to 35 percent saving on power consumption.

3.      MHA DIRECTS NGOS TO OPEN ACCOUNT IN DESIGNATED BANKS INTEGRATED WITH PMFS
i. The Union Ministry of Home Affairs has directed all NGOs, individuals and business entities receiving foreign funds to open accounts in any of 32 designated banks, including one foreign, within a month. The MHA order comes in exercise of the powers conferred under Foreign Contribution (Regulation) Act, 2010.
ii. These accounts opened in 32 designated banks will be integrated with central government’s Public Financial Management System. Its purpose is to provide higher level of transparency and hassle-free reporting compliance.

DAILY CURRENT AFFAIRS: 27 DEC 2017

DAILY CURRENT AFFAIRS: 27 DEC 2017
(DAILY NEWS INDIA)
SHARED BY: WWW.DAILYGK.IN

1.      VIJAY RUPANI SWORN IN AS CHIEF MINISTER OF GUJARAT
i. Vijay Rupani was sworn in at a grand ceremony in the State capital of Gandhinagar as the Chief Minister of Gujarat state. Governor Om Prakash Kohli administered the Oath of Office and Secrecy to 21 ministers including Mr Rupani and his deputy Nitin Patel.
ii. Along with Mr Rupani as CM and Nitin Patel as his Deputy, a total of 19 ministers 9 of them in cabinet rank and 10 MoS were sworn in.

2.      MODI TO BE FIRST PM TO ATTEND WORLD ECONOMIC FORUM IN 20 YEARS
i. PM Narendra Modi will become the first PM in 20 years to attend the World Economic Forum’s annual jamboree of the global elite. The meeting will be held in Davos town of Switzerland.
ii. The 5-day Davos Annual Meeting of Geneva-based WEF will begin in January 2018. Modi will be the first Indian Prime Minister at the Davos summit since 1997 when the then Prime Minister H D Deve Gowda had attended.

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